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08/25/2017 Live Update

08/25/2017 Live Update

Postby Cobra » Fri Aug 25, 2017 9:23 am

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double top or not, wait and see.
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Re: 08/25/2017 Live Update

Postby Cobra » Fri Aug 25, 2017 9:26 am


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Re: 08/25/2017 Live Update

Postby te_fern » Fri Aug 25, 2017 9:54 am

Yellen at 10:00?
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Re: 08/25/2017 Live Update

Postby Wallstreetrader » Fri Aug 25, 2017 9:56 am

...
Last edited by Wallstreetrader on Wed Oct 11, 2017 12:21 pm, edited 3 times in total.
Bull Market No dought !
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Re: 08/25/2017 Live Update

Postby Trades with cats » Fri Aug 25, 2017 9:59 am

te_fern wrote:Yellen at 10:00?

New York or Mountain Time?
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Re: 08/25/2017 Live Update

Postby Cobra » Fri Aug 25, 2017 10:00 am


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Re: 08/25/2017 Live Update

Postby Trades with cats » Fri Aug 25, 2017 10:03 am

New York.
Market Watch says she said Dodd Frank has made markets "substantially safer"
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Re: 08/25/2017 Live Update

Postby Trades with cats » Fri Aug 25, 2017 10:09 am

Looks like the algos finally read the part of the speech where she calls them out, now they don't know what to do! :lol:
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Re: 08/25/2017 Live Update

Postby te_fern » Fri Aug 25, 2017 10:15 am

Yes, she hasn't said anything yet to upset the markets....
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Re: 08/25/2017 Live Update

Postby Trades with cats » Fri Aug 25, 2017 10:18 am

Experts said that by saying nothing about rates she is confirming the September start of the balance sheet reduction. Can we call that money burning? I mean what is the opposite of printing money.
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Re: 08/25/2017 Live Update

Postby fehro » Fri Aug 25, 2017 10:23 am

SPX resistance here 60m.. short at** 2452 not 2425.. 50d SMA just under at 2450.80ish
Last edited by fehro on Fri Aug 25, 2017 10:38 am, edited 1 time in total.
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Re: 08/25/2017 Live Update

Postby Trades with cats » Fri Aug 25, 2017 10:24 am

Last week at the bottom of the drop I drew some fibs, I have the ES 61.8% retrace at 2453.34 which we kissed on Tuesday in the closing hour. I have today's high as 2453.50. I also have articles that say fibs are not meaningful BUT retracements between around 50 to 75% are very common (Adam Grine). As long as traders and algos see them as magic numbers they have their power!
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Re: 08/25/2017 Live Update

Postby Daniel » Fri Aug 25, 2017 10:27 am

te_fern wrote:...hasn't said anything yet to upset the markets

Wow. Gold and silver have certainly been dancing the jittery jitterbug dance this morning. Wide range bars already on both GLD and SLV.
:)
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Re: 08/25/2017 Live Update

Postby Trades with cats » Fri Aug 25, 2017 10:36 am

Gold was halted before the speech because of the usual massive sell order. FX was all over the place until the text was released then the Dollar hit a new low for the year. Apparently the wording on overvalued was considered dovish.
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Re: 08/25/2017 Live Update

Postby Trades with cats » Fri Aug 25, 2017 10:41 am

Yesterday the market turned on a dime when London/Frankfurt closed. Needs a repeat today or Cobra is going to be writing about the double top! Actually probably flat lining waiting for Super Mario in 2 and a half hours. His speech is an hour long and I am guessing because it is the Luncheon speech, not because he has that much to say. ;)
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Re: 08/25/2017 Live Update

Postby fehro » Fri Aug 25, 2017 10:43 am

fehro wrote:SPX resistance here 60m.. short at** 2452 not 2425.. 50d SMA just under at 2450.80ish


NDX/COMPQ and INDU near 20d SMA at their HODs, as VIX nears 50d SMA near LOD… GLD bounced at 20d.. still looks very iffy.. DXY recent low 92.50.. may see a tag undercut (blow out stops) then bounce / double bottom.. careful on gold an oil.. /CL struggles at 20w SMA
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Screen Shot 2017-08-25 at 7.40.44 AM.png
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Re: 08/25/2017 Live Update

Postby fehro » Fri Aug 25, 2017 10:44 am

Yellen punishes the dollar… bad cop.. careful at 3:00pm.. Draghi.. may punish the Euro.. and the USdollar may bounce hard… good cop :roll: :lol: :lol:
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Re: 08/25/2017 Live Update

Postby te_fern » Fri Aug 25, 2017 10:48 am

The volatility in Gold that Daniel was referring to....
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Re: 08/25/2017 Live Update

Postby te_fern » Fri Aug 25, 2017 10:51 am

Now the SPX is starting to react...
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Re: 08/25/2017 Live Update

Postby Trades with cats » Fri Aug 25, 2017 10:54 am

News feed is very clear, this was Yellen's good by speech making Goldman's former number 2 the most likely new Fed Chair. I am no fan of Yellen but a Goldman alum running the Fed makes the odds of another bankster collapse a lot higher.
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